29 January 2025
Packaging Corporation of America Reports Fourth Quarter and Full Year 2024 Results
Packaging Corporation of America (PCA) reported Q4 2024 net income of $221M ($2.45 per share) on $2.1B in sales, up from $1.9B in 2023. Full-year 2024 net income reached $805M ($8.93 per share) with $8.4B in sales, reflecting growth in the Packaging segment due to higher prices, volume, and strong demand. Corrugated product shipments rose 9.1% year-over-year, setting new records. Looking ahead, PCA expects Q1 2025 earnings of $2.21 per share, with seasonally slower demand but record shipments in Packaging. Containerboard production will be impacted by maintenance outages, while costs are expected to rise due to inflation, energy, and labor expenses. PCA remains a top-three containerboard producer in North America with eight mills and 86 facilities.